Tuesday, October 11, 2005

Should Close Today

Of course, I've said that before.

I just got off the phone with the escrow officer and she said the lender had just one last requirement - they wanted a letter of explanation from the buyer about one of his renters or something. I didn't get many details because I don't want to get involved with that, but I was told that the loan officer wrote the letter and is getting the buyer to sign it. He shouldn't have to overnight it to them or anything, so hopefully we will close today. And no, we have no idea why it has taken the lender over 1.5 months to request this letter.

I found out it is the buyer who is paying the $50 a day fee. And yesterday was a bank holiday, so the funds couldn't have been wired to me anyway.

For those of you looking for a lender or dealing with a buyer's lender, the company that is giving my buyer such a hard time is Argent Mortgage. I recommend avoiding them like the plague.

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